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Effects of the Global Financial Crisis and Food Price Hikes of 2007/2008 on the Food Security of Poor Urban Households

Effects of the Global Financial Crisis and Food Price Hikes of 2007/2008 on the Food Security of Poor Urban Households

Henk de Zeeuw, Gordon Prain

The financial crisis of 2007/2008 had far-reaching impacts on developing countries, especially in cities which are more directly embedded in the global economy. Declining economic activity, negative effects on the terms of trade with the rich world and consequent job losses, as well as reduced remittances from family members working abroad, disproportionately affected urban households (Natali 2009).